Tag: AUD

TRY thumped after Erdogan win

Monday June 25: Five things the markets are talking about Global stocks remain under pressure, as investors continues to analyse the impact of a trade spat between the world’s two largest economies – U.S and China. Markets are beginning to get very nervous by the prospect of a full-blown trade war, and this despite the […]

No rest for the weary

No rest for the weary No rest for weary as the markets will get bombarded by events risk from virtually every angle this week. Trade war, elections, US data, Fedspeak, Eurozone inflation and the Bank of Canada (BoC)Business Outlook Survey all wrapped up in month end portfolio rebalance to add more confusion to the fray. […]

Dollar Mixed as EU Trade Spat Escalates

The US dollar is mixed against major pairs. Safe havens like the Swiss franc, Japanese yen and the euro have gained against the greenback, while the Canadian and New Zealand dollars along with the pound are lower. Strong data in Europe boosted the single currency but the rally was short lived after the Trump administration […]

CANADA: Retail trade, April 2018

Following three consecutive monthly increases, retail sales in April declined 1.2% to $49.5 billion. The decrease was primarily due to lower sales at motor vehicle and parts dealers. Inclement weather in many parts of Canada may have contributed to the overall decline in April. Excluding sales at motor vehicle and parts dealers, retail sales were […]

CANADA: Consumer Price Index, May 2018

The Consumer Price Index (CPI) rose 2.2% on a year-over-year basis in May, matching the increase in April. Component highlights All eight major components increased on a year-over-year basis in May, although five of the eight major components grew at a slower rate. The transportation index rose 5.6% in May, following a 4.7% increase in […]

Stocks, EUR rally on data; oil higher ahead of OPEC meet

Friday June 22: Five things the markets are talking about Euro equities are on the rise, along with U.S stock futures, as Euro manufacturing and services data this morning beat analysts’ expectations, dragging along with it the EUR (€1.1667). Crude oil prices start Friday better bid, after OPEC and its allies are rumoured to have […]

Oil falls -2% as OPEC nears deal to raise production

Thursday June 21: Five things the markets are talking about Currently, there are many moving parts that are keeping capital market players on their toes. President Trump and Chancellor Merkel continue to deal with immigration policy worries, while trade and tariffs tops most central bankers and other leaders’ agendas. Overnight, the U.S dollar remains better […]

Onwards and Upwards

Onwards and Upwards Onwards and Upwards Equity market The US stock markets rose overnight as investors, at least for today have put trade fears in check, as the US tech sector beckons and roars. While markets remain unsure if we’re in the calm after the storm, the lull between storms or even in the eye […]

EU Tariffs to US Start Friday

European Union tariffs on products from the United States will go into effect on Friday. The European Commission announced Wednesday that it had approved initial retaliatory tariffs on US exports worth €2.8 billion ($3.2 billion). The tariffs will hit American products including motorcycles, orange juice, bourbon, peanut butter, motor boats, cigarettes and denim. They are […]

Stocks snap five-day losing streak on PBoC policy expectation

World stocks steadied near three-week lows on Wednesday and Chinese markets bounced after recent sharp falls as expectations grew that policy stimulus by Beijing could temper some of the impact from an escalating Sino-U.S. trade conflict. The dollar too eased off 11-month highs against a currency basket .DXY, Wall Street looked set for a stronger […]